Pushing lower.
(By Yann Quelenn )
• GBP/USD has successfully broken support at
1.3088 (12/10/2017 low). Resistance lies at
(1.3229 reaction high) bouncing towards 1.3027
support. Expected to show further weakness,
• The long-term technical pattern is reversing.
The Brexit vote had paved the way for further
decline. Long-term support can be found at
1.1841 (07/10/2017 low). Long-term resistance
given around 1.35 is at stake and indicates a
long-term reversal in the negative trend. Yet, it is
very unlikely at the moment.
